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Update: All charges against Andrew Vinnik have been dropped by Cyprus court


www.chepicap.com 02 December 2018 08:00, UTC
Reading time: ~1 m

It has been reported by Crypto Shib that a Cyprus court has officially dropped charges against Andrew Vinnik. Vinnik is accused of running BTC-e, the exchange reponsible for laundering the coins stolen during the infamous Mt.Gox hack.

Vinnik had recently gone on a hunger strike to protest what he felt was a lack of a fair trial. It seems it was less this, however, and more of a weak case that brought down the charges. Timofei Musatov, head of Vinnik’s legal counsel, released a statement saying:

“A court session of the Limassol District Court was held on November 27, 2018, where the plaintiffs withdrew the action to accuse Alexander Vinnik of fraud, money laundering and other grave crimes.”

Musatov went on to attack the accusations:

“[This] proves the weakness of accusations against Alexander, a vulnerability of plaintiffs’ legal position and their unwillingness to get the case as far as an open legal battle.”

Since his arrest, Vinnik has maintained his innocence stating that he was merely a technical expert and in no way running the operation. It would appear the case against him was insufficient to prove such a charge anyhow, given this turn of events.

Is this the end of this chapter in the Mt.Gox fallout? Stick with Chepicap for any updates!


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